Tritax Big Box REIT plc

DB:4ZQ Stock Report

Market Cap: €3.9b

Tritax Big Box REIT Valuation

Is 4ZQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 4ZQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4ZQ (€1.49) is trading above our estimate of fair value (€0.08)

Significantly Below Fair Value: 4ZQ is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4ZQ?

Key metric: As 4ZQ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4ZQ. This is calculated by dividing 4ZQ's market cap by their current earnings.
What is 4ZQ's PE Ratio?
PE Ratio20.7x
EarningsUK£156.40m
Market CapUK£3.24b

Price to Earnings Ratio vs Peers

How does 4ZQ's PE Ratio compare to its peers?

The above table shows the PE ratio for 4ZQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.6x
3283 Nippon Prologis REIT
25.4x2.1%JP¥628.2b
WDP Warehouses De Pauw
15.2x13.5%€4.3b
3281 GLP J-REIT
21.6x-2.4%JP¥598.5b
FIBRAPL 14 FIBRA Prologis
4.2x-63.6%Mex$90.5b
4ZQ Tritax Big Box REIT
20.7x27.0%€3.2b

Price-To-Earnings vs Peers: 4ZQ is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the peer average (16.5x).

Price to Earnings Ratio vs Industry

How does 4ZQ's PE Ratio compare vs other companies in the Global Industrial REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
4ZQ 20.7xIndustry Avg. 18.3xNo. of Companies9PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4ZQ is expensive based on its Price-To-Earnings Ratio (20.7x) compared to the Global Industrial REITs industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is 4ZQ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

4ZQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 4ZQ's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 4ZQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.49
€2.21
+48.1%
9.4%€2.54€1.83n/a11
Dec ’25€1.60
€2.23
+39.3%
8.7%€2.52€1.81n/a11
Nov ’25€1.60
€2.25
+40.7%
9.4%€2.53€1.82n/a11
Oct ’25€1.83
€2.21
+20.8%
8.9%€2.49€1.79n/a11
Sep ’25€1.83
€2.17
+18.4%
8.5%€2.48€1.78n/a11
Aug ’25€1.87
€2.17
+15.8%
8.5%€2.48€1.78n/a11
Jul ’25€1.74
€2.17
+24.9%
8.5%€2.49€1.79n/a11
Jun ’25€1.78
€2.16
+21.1%
8.9%€2.47€1.78n/a10
May ’25€1.70
€2.10
+23.3%
9.2%€2.45€1.76n/a9
Apr ’25€1.75
€2.04
+16.7%
10.5%€2.45€1.75n/a9
Mar ’25€1.65
€2.02
+22.7%
11.3%€2.46€1.76n/a9
Feb ’25€1.88
€2.07
+9.9%
9.4%€2.46€1.81n/a12
Jan ’25€1.86
€1.97
+5.8%
7.7%€2.26€1.80n/a12
Dec ’24€1.71
€1.92
+12.3%
7.8%€2.16€1.64€1.6012
Nov ’24€1.51
€1.94
+28.4%
9.7%€2.36€1.61€1.6014
Oct ’24€1.52
€1.96
+28.8%
9.9%€2.36€1.61€1.8313
Sep ’24€1.59
€1.99
+25.2%
10.9%€2.51€1.63€1.8313
Aug ’24€1.55
€1.92
+23.6%
10.3%€2.37€1.62€1.8713
Jul ’24€1.39
€1.95
+40.0%
10.2%€2.38€1.63€1.7412
Jun ’24€1.57
€1.98
+25.8%
10.8%€2.35€1.61€1.7811
May ’24€1.64
€1.96
+19.4%
10.4%€2.34€1.59€1.7012
Apr ’24€1.51
€1.96
+30.1%
9.6%€2.33€1.71€1.7512
Mar ’24€1.62
€1.92
+18.6%
9.8%€2.25€1.69€1.6513
Feb ’24€1.70
€1.96
+15.1%
12.5%€2.45€1.57€1.8813
Jan ’24€1.53
€2.05
+34.2%
19.3%€2.95€1.55€1.8613
Dec ’23€1.59
€2.03
+27.9%
18.9%€2.91€1.52€1.7113

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 04:57
End of Day Share Price 2024/12/23 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Tritax Big Box REIT plc is covered by 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paul MayBarclays
Paul MayBarclays
Tom HorneBerenberg